Morgan Rio Capital Management, LLC, a Delaware limited liability company (the “Adviser” or “Morgan Rio”), formed in 2008, provides discretionary investment advisory services to the following pooled investment vehicles (the “Funds”) organized as private investment funds:
• Morgan Rio Investments, LP, a Cayman Islands exempted partnership (the “Hedge Fund Master Fund”);
• Morgan Rio Capital Fund (Cayman), Ltd., a Cayman Islands exempted company (the “Hedge Fund Offshore Fund” and, together with the Hedge Fund Master Fund and the Hedge Fund U.S. Fund, the “Hedge Funds”);
• Morgan Rio Private Fund, LP, a Cayman Islands exempted limited partnership (the “PE Master Fund I”); and
• Morgan Rio Private Fund (Cayman), Ltd., a Cayman Islands exempted company (the “PE Offshore Fund I” and, together with the PE Master Fund I, the “PE Funds I”);
• Morgan Rio Private Fund II, LP, a Cayman Islands exempted limited partnership (the “PE Master Fund II”);
• Morgan Rio Private Fund (Cayman) II, Ltd., a Cayman Islands exempted company (the “PE Offshore Fund II” and, together with the PE Master Fund II, the “PE Funds II”);
• Morgan Rio Private Fund III, LP, a Cayman Islands exempted limited partnership (the “PE Master Fund III”);
• Morgan Rio Private Fund (Cayman) III, Ltd., a Cayman Islands exempted company (the “PE Offshore Fund III” and, together with the PE Master Fund III, the “PE Funds III.” PE Funds I, PE Funds II and PE Funds III are collectively referred to as the “PE Funds”); and
• MRio Coinvest Partners I, LLC, a Delaware limited liability company (the “Coinvest Fund”). Morgan Rio Partners, LLC, a Delaware limited liability company (the “Hedge Fund GP”), acts as the general partner for the Hedge Fund Master Fund and Hedge Fund U.S. Fund. Morgan Rio Asset Partners, LLC, a Delaware limited liability company (the “PE Fund I GP”) acts as the general partner for the PE Master Fund I and as the managing member of the Coinvest Fund. Morgan Rio Asset Partners II, LLC, a Delaware limited liability company (the “PE Fund II GP”), acts as general partner to the PE Master Fund II. Morgan Rio Asset Partners III, LLC, a Delaware limited liability company (the “PE Fund II GP” and together with the Hedge Fund GP, the PE Fund I GP, and the PE Fund II GP, the “General Partners”), acts as general partner to the PE Master Fund III. Morgan Rio Holdings, LLC, a Delaware limited liability company, is the sole member of the Adviser and the Hedge Fund GP. Morgan Rio’s investment activities are led by Jacobo Buzali, who is the managing member of Morgan Rio Holdings, LLC and is also the managing member of the Adviser and the General Partners. The Funds are private funds organized with the objective of providing sustained, attractive risk- adjusted returns with low levels of volatility through capital appreciation and cash flow (including reinvestment) from, without limitation, private and illiquid asset, asset-based, credit and other investments. The investment strategies focus on investments in countries in Latin America and the Caribbean region. It should be noted that the investment strategies of the Hedge Funds and the PE Funds are similar. At times, the Funds invest alongside each other in Portfolio Investments that are appropriate for both the Hedge Funds and the PE Funds. The Hedge Funds make investments primarily through a master-feeder structure, although the Hedge Fund Offshore Fund also has the ability to make investments directly outside of the Hedge Fund Master Fund. The PE Offshore Fund I invests all or substantially all of its assets in the PE Master Fund I. The Coinvest Fund is invested in partnership interests of a Portfolio Investment in which the PE Master Fund I is also invested. The PE Offshore Fund II invests all or substantially all of its assets in the PE Master Fund II. The PE Offshore Fund III invests all or substantially all of its assets in the PE Master Fund III. The Adviser generally identifies Latin American and Caribbean investments by reference to such factors as the place of organization, principal place of business, primary source of revenues or location of a majority of the assets of a company or the investment. The Adviser identifies, among other investment opportunities, niches of illiquidity that benefit from customized financing solutions where capital is

constrained or non-economic motivations exist. Sourcing and executing these opportunities generally involve: (i) a significantly deep and long dated local presence, characterized by immersion and relationships to identify, originate and execute opportunities; (ii) diverse and multiple strategies to evaluate and optimize those opportunities at all levels of the capital structure; (iii) flexibility to adapt to the sudden and rapid market changes and inefficiency shifts typical of the region; (iv) sophisticated understanding and expertise in local structures to optimize returns and minimize risk, and (v) rigorous and constant asset and risk management supervision and controls from opportunity inception to exit. The investment strategies include, but are not limited to: (i) middle market corporate private lending and corporate debt (including distressed debt and other loan and credit participations); (ii) assets (including direct and indirect debt and equity investments targeting a particular asset or asset class); (iii) real estate private lending and private equity (including development, monetization, sale leasebacks and lease financings); (iv) specialty finance (including structured financings, factoring and other receivables discounting, opportunistic financial assets, restructurings, and event-driven and special situations investments) and (v) private equity (limited and opportunistic complementing other capital structure investments, asset- or cash flow-based, or strategic investment platforms). The Funds may enter (and have entered) into joint ventures and/or co-investment opportunities (“Platform Investments”) with local Latin American or Caribbean investment and asset partners with expertise in a particular market or asset class. Such Platform Investments and other similar arrangements, which may be made on an exclusive basis for the Funds, will generally be subject to the active participation, direction, investment control, parameters and policies established by Morgan Rio. Each Fund’s investment objective and/or parameters are set forth in the Fund’s applicable governing documents (the “Fund Documents”) provided to each investor in the Hedge Funds (“Hedge Fund Investors”) and each investor in the PE Funds (“PE Fund Investors” and together with the Hedge Fund Investors, the “Investors”). Morgan Rio does not tailor its advisory services to the individual needs of Investors in the Funds, and Investors may not impose restrictions on investing in certain securities or types of investments. As applicable, the Fund Documents set forth each Fund’s investment strategies, including guidelines regarding the types of securities and assets the Funds will invest in. An investment in a Fund does not create a client-adviser relationship between an Investor and Morgan Rio. In addition to the Coinvest Fund, Morgan Rio may enter (and has entered) into other co-investment arrangements (each, a “Co-Investment”) at any time, including but not limited to when a particular investment or investment strategy may be deemed too large for prudent portfolio allocation solely by the Funds. Morgan Rio has established a number of Co-Investments and may establish others in the future. Co-Investments in the form of single purpose vehicles, economic agreements or others are entered into specifically for the purpose of investing in an investment alongside the Funds, as determined by the Adviser based on its evaluation of the merits of each Co-Investment on a case-by-case basis. Co-Investments generally participate in underlying investments on the same terms as the Funds, including investing into and divesting such interests in underlying investments at the same time and on substantially the same terms as the Funds. Certain Access Persons may, and do, invest from time to time alongside the Funds directly in interests in which the Funds invest. The Funds have entered into side letter agreements or other similar agreements with one or more Investors that provide such Investors with terms additional to or different from those set forth in the Fund Documents. Morgan Rio does not participate in wrap fee programs. As of December 31, 2023, Morgan Rio managed $428,673,305 of client assets on a discretionary basis. Morgan Rio does not currently manage any client assets on a non-discretionary basis.